M&A Deal Summary

Serco Group Acquires ORS

On September 1, 2022, Serco Group acquired business services company ORS from Equistone for 44M CHF

Acquisition Highlights
  • This is Serco Group’s 5th transaction in the Business Services sector.
  • This is Serco Group’s 5th largest (disclosed) transaction.
  • This is Serco Group’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2022-09-01
Target ORS
Sector Business Services
Buyer(s) Serco Group
Sellers(s) Equistone
Deal Type Add-on Acquisition
Deal Value 44M CHF

Target

ORS

Zurich, Switzerland
ORS is a Swiss-based provider of immigration services in several European countries, with a 30-year track record across the asylum and immigration process from initial country reception to orientation, care, community integration, and repatriation. ORS is based in Zurich, Switzerland.

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Buyer(S) 1

Buyer

Serco Group

Hook, United Kingdom

Category Company
Founded 1929
Sector Business Services
Employees50,000
Revenue 4.8B GBP (2024)
DESCRIPTION

Serco provides world class business process outsourcing for customers it manages front, middle and back office programs. Our key service areas include customer interaction centres, direct marketing, loyalty and fulfilment programs, training design and delivery, customer relationship management software solutions and consultancy services. Serco Group was founded in 1929 and is based in Hook, United Kingdom.


DEAL STATS #
Overall 7 of 8
Sector: Business Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Switzerland M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Serco Parking Services

Los Angeles, California, United States

Serco Parking Services works exclusively with government agencies. It is the largest private provider of outsourced on-street parking enforcement and meter management solutions in the U.S. Services include parking enforcement, collection and maintenance of parking meters, and traffic control.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-30 Northrop Grumman - Training Services Business

Falls Church, Virginia, United States

Northrop Grumman's Training Services Business is a unit that offeres training solutions for defense systems and technological innovations.

Buy $327M

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 183 of 206
Sector: Business Services M&A 22 of 25
Type: Add-on Acquisition M&A Deals 60 of 70
Country: Switzerland M&A 5 of 6
Year: 2022 M&A 6 of 7
Size (of disclosed) 53 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 Talon Outdoor

London, United Kingdom

Talon Outdoor is an independently-owned global Out-of-Home (OOH) advertising agency with a focus on delivering innovative and forward-thinking strategic OOH solutions, integrated with wider communications. Talon Outdoor was founded in 2007 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 SF-Filter

Bachenbulach, Switzerland

SF-Filter provides filter products from original equipment suppliers (OES), as well as its own premium filter products, allowing contract manufacturers and OES to procure all their products directly from the company. Customers also benefit from a specialist sales team with extensive application and consulting expertise backed up by a growing e-commerce platform. Through its role as a value-added distributor, SF-Filter also acts as a key link between customers and OES, thereby delivering additional value beyond its traditional intermediary role. SF-Filter was founded in 1968 and is based in Bachenbulach, Switzerland.

Buy -